SBI Ripple Asia and DSRV Labs Research Blockchain for Payments
- SBI Ripple Asia and DSRV Labs are launching a research project focused on blockchain in the remittance and payment sectors.
- The firms will explore using the XRP Ledger for cross-border payments between Japan and Korea.
- Research will assess the integration of blockchain with existing remittance infrastructure, emphasizing systems and technology.
- The initiative follows the launch of a Permissioned DEX on the XRP Ledger to facilitate global remittances.
- DSRV aims to enhance collaboration with global financial businesses while promoting blockchain applications in finance.
This joint research aims to clarify how blockchain technology can connect with existing payment systems, particularly in Japan and Korea. The focus is on leveraging the XRP Ledger’s capabilities for improved remittance processes.
The exploration of the XRP Ledger’s potential comes as both firms seek to innovate within the financial sector, highlighting its growing use worldwide in payments and remittances. (Source)
